What is NPIF Maven Equity Finance?
Your next source of funding.
Equity finance is widely accepted as an important ingredient for innovative and fast growth businesses at all stages.
A simple alternative to bank finance, the Northern Powerhouse Investment Fund (NPIF) is transforming the financial landscape for smaller businesses across the Northern Powerhouse.
NPIF Maven Equity Finance is helping to build a vibrant and sustainable venture capital community in the North. At Maven, we work collaboratively with your company to provide dedicated support and guidance, tailoring our approach to tackle specific barriers small businesses face.
The Fund is designed for small businesses that need equity finance to grow and can invest between £50,000 - £2 million.
To be eligible for NPIF Maven Equity Finance a business:
- Have a material part of its operations in the Northern Powerhouse region
- Have fewer than 250 full-time employees
- A turnover of less than £42m per annum.
To appraise a funding application Maven would expect to receive a range of information, some of which will be readily available and some of which the Maven team will work with you to build.
Purchasing new
machinery
Capital
expenditure
Exporting
abroad
Investing in
new products
Hiring a
new team
Filling gaps in
working capital
How to apply
To help us assess your application for funding please include the following details in your business plan:
Company Overview
A detailed description of your company's products or services.
Investment & Growth Plan
Your funding requirement and what the investment will be used for.
Market Overview
Details of the market in which you operate and where your company is positioned.
Financial Forecast
Current and historic accounts and financial projections based on receiving funding.
Your Team
Biographies of the key people in the business, demonstrating expertise and experience.
Exit Strategy
A description of your exit strategy post investment or other strategies.